DeGods And Y00ts Migrate Chains, Crypto Daily TV 28/12/2022

In Todays Headline TV CryptoDaily News:

Crypto lender Vauld calls off potential acquisition by rival Nexo.

Crypto lender Vauld said the potential acquisition by rival Nexo has been canceled some five months after the two signed an initial agreement to explore the transaction and less than a month before the Singapore-based target has to come up with a restructuring plan.

Crypto exchange Kraken to stop operations in Japan.

U.S.-based crypto exchange Kraken said it would cease its operations in Japan next month, citing the current market conditions in the country and a weak crypto market globally.

Solana’s top NFT projects DeGods and Y00ts to migrate.

After months of speculation that DeGods and Y00ts, two of the top Solana NFT projects, would be leaving the SOL ecosystem, the team behind the projects confirmed the migration. DeGods will bridge over to Ethereum while its sister project Y00ts will move to Polygon.

BTC/USD dove 1.4% in the last session.

The Bitcoin-Dollar pair plummeted 1.4% in the last session. The Stochastic indicator is giving a positive signal. Support is at 167621 and resistance at 170501.

The Stochastic indicator is currently in positive territory.

ETH/USD plummeted 1.3% in the last session.

The Ethereum-Dollar pair dove 1.3% in the last session. The Stochastic indicator is giving a positive signal, going against our overall technical analysis. 

The Stochastic indicator is currently in positive territory.

XRP/USD exploded 1.4% in the last session.

The Ripple-Dollar pair skyrocketed 1.4% in the last session. The ROC is giving a negative signal. Support is at 0.3363 and resistance at 0.3844.

The ROC is giving a negative signal.

LTC/USD plummeted 3.6% in the last session.

The Litecoin-Dollar pair plummeted 3.6% in the last session. The MACD’s positive signal is in line with the overall technical analysis. Support is at 67.811 and resistance at 72.411.

The MACD is giving a positive signal.

Daily Economic Calendar:

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. The US MBA Mortgage Applications will be released at 12:00 GMT, the US Redbook Index at 13:55 GMT, and the US EIA Crude Oil Stocks Change at 15:30 GMT.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

US EIA Crude Oil Stocks Change

The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, released by the Energy Information Administration.

US 5-Year Note Auction

The note auction sets the yield on the notes auctioned off by the US Department of Treasury. The yield on the notes represents the return an investor will receive by holding the bond until maturity. The US 5-Year Note Auction will be released at 18:00 GMT, the Austrian Purchasing Manager Index at 09:00 GMT, and Korea’s Industrial Output at 23:00 GMT.

AT Purchasing Manager Index

The Purchasing Managers Index (PMI) captures the business conditions in the manufacturing sector. The manufacturing PMI is an important indicator of overall economic conditions.

KR Industrial Output

The Industrial Output shows the production volume of industries, i.e., factories and manufacturing.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.